Income Statement - Biglari Holdings Inc. (BH-A)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 395.26 | 362.11 | 365.32 | 368.23 | 366.11 | 433.68 | 668.84 | 809.89 | 839.80 | 850.08 | 861.45 | 828.08 | 755.82 | 734.27 | 709.20 | 673.78 | 627.04 | 610.06 | 654.14 | 638.82 |
| Cost of revenue | 286.63 | 223.49 | 248.94 | 215.45 | 223.33 | 296.73 | 533.66 | 661.44 | 687.28 | 668.28 | 678.26 | 659.35 | 566.85 | 545.14 | 523.91 | 501.57 | 164.97 | 151.19 | 487.24 | 462.43 |
| Gross profit | 108.64 | 138.62 | 116.38 | 152.78 | 142.78 | 136.95 | 135.18 | 148.46 | 152.52 | 181.79 | 183.19 | 168.72 | 188.97 | 189.13 | 185.29 | 172.21 | 462.07 | 458.87 | 166.90 | 176.39 |
| Total operating expenses | 90.52 | 115.51 | 77.00 | 70.61 | 76.02 | 76.36 | 100.15 | 152.23 | 152.26 | 150.18 | 159.91 | 8.77 | 165.88 | 151.31 | 131.06 | 121.72 | 438.50 | 466.56 | 135.00 | 125.20 |
| Operating income | 18.11 | 23.11 | 39.38 | 82.17 | 66.76 | 60.59 | 35.03 | 36.64 | 0.27 | 31.61 | 23.28 | 12.70 | 31.35 | 43.18 | 52.50 | 50.02 | 7.19 | -7.69 | 31.90 | 51.29 |
| Non-operating income (net) | -65.80 | -31.26 | 25.47 | -125.20 | -24.49 | -110.79 | 20.11 | -19.88 | -13.16 | 114.66 | -60.71 | 143.38 | 165.04 | -11.98 | -4.66 | -8.58 | 0.00 | -27.10 | -17.03 | -9.00 |
| Income before tax | -47.69 | -8.15 | 64.85 | -43.03 | 42.27 | -50.20 | 55.14 | 16.76 | -12.89 | 146.26 | -37.43 | 156.09 | 196.39 | 31.20 | 47.83 | 41.44 | 7.19 | -34.78 | 14.87 | 42.29 |
| Income tax expense | -10.20 | -4.40 | 9.31 | -10.72 | 6.79 | -12.21 | 9.76 | -2.64 | -62.96 | 46.81 | -21.59 | 55.25 | 74.29 | 6.45 | 13.87 | 12.02 | 1.16 | -11.81 | 3.06 | 14.29 |
| Net income | -37.49 | -3.76 | 54.95 | -32.02 | 35.48 | -37.99 | 45.38 | 19.39 | 50.07 | 99.45 | -15.84 | 100.83 | 140.27 | 21.59 | 34.57 | 28.09 | 6.00 | -22.98 | 11.81 | 28.00 |
Show Quarterly Income Statement
Income Statement - Biglari Holdings Inc. (BH-A)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 97.48 | 99.87 | 99.74 | 100.62 | 95.04 | 91.12 | 90.41 | 91.14 | 89.45 | 90.67 | 90.94 | 93.54 | 90.18 | 98.46 | 92.03 | 92.37 | 85.37 | 98.95 | 82.08 | 90.79 | 94.29 | 99.65 | 101.84 | 96.50 | 135.70 | 158.42 | 160.22 | 168.34 | 181.86 | 195.35 | 203.58 | 208.74 | 202.23 | 209.22 | 214.23 | 212.95 | 203.39 | 205.99 | 216.73 | 219.11 | 208.24 | 215.23 | 218.44 | 221.96 | 205.83 | 224.45 | 193.67 | 193.23 | 234.57 | 172.34 | 179.50 | 184.60 | 225.21 | 166.51 | 168.42 | 175.77 | 221.75 | 166.39 | 168.34 | 170.86 | 211.28 | 158.72 | 165.90 | 161.53 | 197.84 | 148.51 | 159.99 | 146.35 | 189.03 | 131.68 | 138.89 | 144.29 | 190.49 | 136.40 | 151.14 | 153.59 | 202.15 | 147.27 | 152.02 | 150.40 | 197.66 |
| Cost of revenue | 69.74 | 74.10 | 60.67 | 71.54 | 60.51 | 56.10 | 55.47 | 66.56 | 64.54 | 61.42 | 54.00 | 52.21 | 51.67 | 53.44 | 53.84 | 54.27 | 53.90 | 53.59 | 55.30 | 54.79 | 59.66 | 65.07 | 68.07 | 63.78 | 99.81 | 114.96 | 121.75 | 137.89 | 159.02 | 162.20 | 167.43 | 166.01 | 165.80 | 172.94 | 177.57 | 172.96 | 163.81 | 163.89 | 170.01 | 169.47 | 164.91 | 168.72 | 171.65 | 170.75 | 167.14 | 180.04 | 183.00 | 138.65 | 174.52 | 129.99 | 134.15 | 137.18 | 170.21 | 125.31 | 128.54 | 131.14 | 166.08 | 119.39 | 123.29 | 126.46 | 160.18 | 113.97 | 118.89 | 118.49 | 152.55 | 111.64 | 123.05 | 111.69 | 147.14 | 106.71 | -223.56 | 114.77 | 151.49 | 108.49 | 115.53 | 115.20 | 147.97 | 108.54 | 110.91 | 107.33 | 142.88 |
| Gross profit | 27.74 | 25.77 | 39.06 | 29.08 | 34.53 | 35.01 | 34.94 | 24.58 | 24.91 | 29.25 | 36.94 | 41.33 | 38.50 | 45.02 | 38.19 | 38.10 | 31.47 | 45.35 | 26.79 | 36.00 | 34.63 | 34.58 | 33.76 | 32.72 | 35.89 | 43.46 | 38.47 | 30.45 | 22.84 | 33.15 | 36.15 | 42.73 | 36.43 | 36.29 | 36.66 | 39.99 | 39.58 | 42.10 | 46.72 | 49.65 | 43.33 | 46.50 | 46.79 | 51.21 | 38.69 | 44.41 | 10.67 | 54.58 | 60.05 | 42.35 | 45.35 | 47.42 | 55.00 | 41.20 | 39.88 | 44.64 | 55.67 | 47.00 | 45.05 | 44.40 | 51.09 | 44.75 | 47.01 | 43.04 | 45.29 | 36.87 | 36.94 | 34.66 | 41.89 | 24.96 | 362.45 | 29.53 | 39.00 | 27.90 | 35.61 | 38.39 | 54.18 | 38.73 | 41.12 | 43.07 | 54.77 |
| Total operating expenses | 24.66 | 22.06 | 20.42 | 23.40 | 31.62 | 29.32 | 19.51 | 18.65 | 18.28 | 22.42 | 18.32 | 19.01 | 17.26 | 22.33 | 15.47 | 16.58 | 16.22 | 25.17 | 16.89 | 18.42 | 15.54 | 21.39 | 19.90 | 17.85 | 17.23 | 29.67 | 30.44 | 31.63 | 40.36 | 39.78 | 37.09 | 37.77 | 37.60 | 42.30 | 37.76 | 37.09 | 35.11 | 38.52 | 37.12 | 38.19 | 36.36 | 40.65 | 37.84 | 42.42 | 39.00 | 37.68 | 14.00 | 51.64 | 50.01 | 37.73 | 42.87 | 40.84 | 48.52 | 33.66 | 37.65 | 36.61 | 45.11 | 32.08 | 29.57 | 31.00 | 38.89 | 31.33 | 29.59 | 29.61 | 35.36 | 26.28 | 29.72 | 25.89 | 34.50 | 27.09 | 370.07 | 28.64 | 40.40 | 27.46 | 31.01 | 31.22 | 41.59 | 31.19 | 27.79 | 30.06 | 38.92 |
| Operating income | 3.08 | 3.72 | 18.64 | 5.68 | 2.90 | 5.70 | 15.43 | 5.93 | 6.64 | 6.83 | 18.62 | 22.33 | 21.24 | 22.68 | 22.72 | 21.52 | 15.25 | 20.18 | 9.90 | 17.58 | 19.09 | 13.19 | 13.86 | 14.87 | 18.66 | 22.12 | 9.47 | 33.02 | 16.63 | 57.63 | -19.94 | -3.38 | 2.33 | -6.02 | -1.09 | 2.90 | 4.48 | 3.58 | 9.60 | 11.46 | 6.97 | 5.86 | 8.95 | 8.78 | -0.32 | 6.74 | -2.84 | 2.80 | 9.82 | 5.21 | 3.42 | 8.94 | 8.92 | 10.08 | 9.78 | 9.03 | 12.15 | 14.71 | 14.24 | 13.17 | 12.05 | 13.03 | 23.22 | 11.09 | 6.28 | 7.87 | 12.01 | 8.76 | 6.98 | -2.12 | -7.62 | 0.89 | -1.40 | 0.45 | 9.78 | 1.80 | 12.72 | 7.61 | 13.43 | 13.01 | 15.85 |
| Non-operating income (net) | -21.97 | -67.77 | -21.67 | 59.43 | -44.09 | -23.66 | 27.90 | -68.85 | 22.76 | 43.86 | -92.64 | -19.43 | 64.04 | -10.39 | 18.91 | -118.01 | -15.72 | -29.76 | -24.84 | -44.52 | 74.63 | 34.37 | 12.86 | 42.36 | -112.72 | -5.78 | -10.10 | -5.15 | -5.07 | -4.94 | -4.96 | -5.05 | -4.94 | 33.61 | -48.83 | 32.14 | -30.07 | 109.12 | -113.86 | 45.62 | 73.77 | -67.34 | 0.10 | -10.96 | 17.49 | 138.86 | 8.85 | -4.74 | 23.76 | -3.83 | 15.79 | 160.90 | -7.50 | -4.15 | -5.98 | -4.05 | -4.48 | 0.04 | 0.89 | -2.02 | -3.61 | 0.07 | -8.90 | -0.51 | 2.08 | 0.31 | -6.79 | -3.42 | -4.37 | -3.86 | -3.46 | -17.06 | -3.72 | -2.86 | -7.95 | -2.65 | -3.70 | -2.73 | -2.26 | -1.94 | -2.67 |
| Income before tax | -18.88 | -64.06 | -3.03 | 65.10 | -41.18 | -17.96 | 43.33 | -62.92 | 29.40 | 50.69 | -74.02 | 2.89 | 85.28 | 12.29 | 41.64 | -96.49 | -0.47 | -9.58 | -14.94 | -26.94 | 93.72 | 47.57 | 26.72 | 57.23 | -94.06 | 16.34 | -0.63 | 27.87 | 11.56 | 52.70 | -24.90 | -8.43 | -2.61 | 27.59 | -49.93 | 35.04 | -25.60 | 112.70 | -104.26 | 57.08 | 80.74 | -61.48 | 9.05 | -2.18 | 17.17 | 145.60 | 6.00 | -1.94 | 33.58 | 1.37 | 19.21 | 169.83 | 1.42 | 5.93 | 3.79 | 4.99 | 7.67 | 14.75 | 15.13 | 11.15 | 8.44 | 13.11 | 14.33 | 10.58 | 8.36 | 8.18 | 5.22 | 5.35 | 2.61 | -5.98 | -11.08 | -16.18 | -5.11 | -2.42 | 1.83 | -0.85 | 9.01 | 4.88 | 11.17 | 11.07 | 13.19 |
| Income tax expense | -4.35 | -14.21 | 2.26 | 14.17 | -7.91 | -7.69 | 11.20 | -14.73 | 6.82 | 6.05 | -17.50 | 1.02 | 19.74 | 2.56 | 9.60 | -22.71 | -0.17 | -4.76 | -4.27 | -6.20 | 22.02 | 11.24 | 5.62 | 14.76 | 43.83 | 2.74 | -0.61 | 5.90 | 1.74 | 10.25 | -11.20 | -0.89 | -0.80 | -41.88 | -25.23 | 13.92 | -9.78 | 41.80 | -44.13 | 19.56 | 29.58 | -26.33 | -0.25 | -2.20 | 7.19 | 54.55 | 4.53 | 3.77 | -6.46 | 8.37 | 12.45 | 62.26 | -1.97 | 1.54 | -0.43 | -0.02 | 2.14 | 4.76 | 5.00 | 1.84 | 2.69 | 4.34 | 3.16 | 3.34 | 2.84 | 2.68 | 1.81 | 1.54 | 0.35 | -2.54 | -1.89 | -6.38 | -2.30 | -1.23 | 0.30 | -0.97 | 3.02 | 0.71 | 3.68 | 3.75 | 4.66 |
| Net income | -14.53 | -49.85 | -5.29 | 50.93 | -33.28 | -10.27 | 32.13 | -48.19 | 22.58 | 44.64 | -56.51 | 1.94 | 64.89 | 10.06 | 32.01 | -73.78 | -0.30 | -4.82 | -10.67 | -20.74 | 71.71 | 36.33 | 21.10 | 42.47 | -137.89 | 13.61 | -0.02 | 21.97 | 9.82 | 42.45 | -13.70 | -7.54 | -1.81 | 69.47 | -24.70 | 21.13 | -15.82 | 70.90 | -60.13 | 37.52 | 51.16 | -35.15 | 9.30 | 0.03 | 9.98 | 91.05 | 8.52 | 9.59 | -5.80 | 18.95 | 26.83 | 106.70 | 2.18 | 4.56 | 3.42 | 4.85 | 4.53 | 8.80 | 10.78 | 8.68 | 5.65 | 9.46 | 8.40 | 8.69 | 5.52 | 5.48 | 3.38 | 3.80 | 2.25 | -3.44 | -9.19 | -9.80 | -2.81 | -1.19 | 1.53 | 0.12 | 5.99 | 4.17 | 7.50 | 7.32 | 8.53 |